Macy's Dividend Holds Steady
Aug 23rd 2013 4:52PM
Updated Aug 23rd 2013 4:54PM
Macy's this week announced plans to keep its dividend steady this quarter at $0.25 per share.
The retailer has paid this amount to investors since last quarter, after raising its payout 25% from $0.20. This latest dividend will be payable on Oct. 1 to stockholders of record as of Sept. 13.
The annualized amount for Macy's dividend comes out to $1.00 per share of common stock. As of the market's close on Aug. 22, the company's stock was trading at a price of $44.95, which means its dividend currently yields 2.2%. The company has seen its stock price rise 17% since the beginning of 2013.
The article Macy's Dividend Holds Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.